May I Have Another...Tax That Is

Unemployment is still on the rise and making ends meet in the tri-state region is becoming increasingly difficult. While there are signs of some slight recovery in some sectors of the region, I think most would say that we are certainly not out of the woods yet. Employees and employers alike are stretched to the brink and many are breaking altogether.

Enter the MTA. I trust my readers have been following the fiasco regarding the ridiculous budget problems the MTA have been having. Well, now they are our problems. I freely admit that the mass transit system in our area is a necessity and businesses and families cannot function without it. It clearly supports our ability to conduct business and have fruitful lives zipping from Jersey, NYC, Westchester and Connecticut. That being said, I still don't agree with the egregious tax that will be levied on employers to pay for the shortcomings of failed management.

The new payroll tax will be roughly .34 for every $100. I am not a math-a-magician, but that could add up to some serious bucks even if you are a modest size company. Entrepreneurs and small business owners are the bread and butter of the economy. I feel as if there is a target on my back and lurking at every corner is another roadblock put up to impead forward progress.

I suggest we write our lawmakers and work on a solution that does not involve making it harder for business owners to operate. Think of what really happens when a business owner has less money...they hire fewer people, do less renovations, squeeze their suppliers, delay payments, and the whole mess ends up hurting the general public the lawmakers are supposed to serve.

Participate in our government or the government will gladly participate in your life whether you like it or not. Don't just complain about it, let's all try to be part of the solution. In the meantime my fellow entrepreneurs.....stay positive and change you business model if necessary to adapt to current market conditions. Taxes and death are a certainty.